With Multiple Low Down Payment Options, Are Americans Saving For A Home?

By ERIN FLYNN JAY In the past year, 1% down payment options have become popular. United Wholesale Mortgage has even announced a 0% down plan with a second lien loan as opposed to a grant. But do these programs disincentivize buyers who would otherwise feel pressure to put money aside for a house? Matt Walsh, assistant director and economist at Moody’s Analytics, said these programs likely help people on the margins, removing one of the largest hurdles to homeownership, but given the cost, many buyers still choose to make a down payment. He said that based on data from the National Association of Realtors, the median percent down payment has not changed much over the last three years, with first-time…